Nigeria’s Small and Medium Development Agency (SMEDAN) has accepted the “One Local Government, One Product” (OLOP) program on agriculture to help the country’s economy grow.
On Monday in Katsina, Dr Dikko Radda, the Agency’s Director-General (DG), stated this during the authority’s consenting to the Memorandum of Arrangement (MoA) with Microfinance Banks and Candidate-Beneficiaries under the Program.
According to Radda, SMEDAN has taken on OLOP to help advance the development of one recognized agric-value item every neighborhood government region across the country.
The goal, he explained, was to raise the value of the identified unrefined product so that it could be marked and confirmed for import and commodities purposes.
According to him, the fundamental purpose of OLOP is to update human limits through imaginative and monetary assistance for competent and pleasant projects.
“This will further develop efficiency and nature of our items to accomplish seriousness to fulfill public and global guidelines.
“I’m happy to illuminate you that the Agency will be supporting 199 helpful/endeavors in 199 neighborhood government regions under the OLOP 2021/2022 intercession.Need Federal Govt Free-Interest Loan? =>See Here.
“Approximately 364 of the 774 LGAs in the nation have profited from the plan from the 2016 to 2020 mediation.
“Around 212 LGAs were canvassed in 2021 under our assessment, leaving an equilibrium of 198 to be shrouded in 2022,” he added.
The DG noted that President Muhammadu Buhari was keen on combating unemployment by improving agriculture and its value chain goods.
He thanked Katsina State Governor Aminu Masari for his daring assistance in the growth of the state’s Micro, Small and Medium Enterprises (MSMEs).
Responding on behalf of the recipients, Malam Ibrahim Muhammad praised SMEDAN for the initiative, emphasizing that they would not take advantage of any open door offered to them to help the economy.